2023 2024 Student Forum > Management Forum > Main Forum

 
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31st December 2015, 05:22 PM
Super Moderator
 
Join Date: May 2012
Re: Best student loan banks

There are many banks in India that offers the Education loan to the students for their higher studies

Different banks charge different interest rates for Education loans.

The rate of interest also vary based on
The quantum of the loan;
Period for which loan is intended to be availed
Educational Institute

The best education loan from banks in India: 6 factors to compare

Interest rates
How the interest is charged?
The waiver period
Fees and other costs
Collateral, guarantee or security
The down payment

Banks that provides Education loan

S.No. Name of the Bank
1 Allahabad Bank
2 Andhra Bank
3 Axis Bank
4 Bank of Baroda
5 Bank of India
6 Bank of Maharashtra
7 Canara Bank
8 Catholic Syrian Bank
9 Central Bank of India
10 Corporation Bank
11 Corporation Bank
12 City Union Bank
13 Dena Bank
14 Federal Bank
15 HDFC Bank
16 ICICI Bank
17 IDBI Bank
18 Indian Bank
19 Indian Overseas Bank
20 Indus Ind Bank
21 J&K Bank
22 Karnataka Bank
23 Karur Vysya Bank
24 Kotak Bank
25 Lakshmi Vilas Bank
26 Punjab National Bank
27 Punjab and Sind Bank
28 South Indian Bank
29 State Bank of Hyderabad
30 State Bank of India
31 State Bank of Patiala
32 State Bank of Travancore
33 Syndicate Bank
34 The Ratnakar Bank
35 UCO Bank
36 United Bank of India
37 Union Bank of India
38 Vijay Bank

Interest rates on Education loan of some banks
Name of Bank Rate of Interest
Central Bank of India 9.75% - 11.75%
Bank of Baroda 9.65% - 12.15%
United Bank of India 9.65% - 13.25%
IDBI Bank 9.75% - 13.25%
Bank of Maharashtra 10.95% - 12.20%
Canara Bank 11.15% - 11.65%
State Bank of India 11.45% - 13.45%
Allahabad Bank 10.70% - 11.2%
Punjab National Bank 10.60% - 12.60%


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